This AI Stock Looks Dirt-Cheap. Is It a Bargain or a Value Trap?
Oracle (NYSE: ORCL) has long had a leading position in enterprise IT. It's known for having the world's top relational database management system as well as cloud infrastructure, enterprise software, and the Java computing language.
However, as a stock, Oracle largely disappointed over the last decade. Revenue has been mostly flat until a recent surge, and the stock underperformed the Nasdaq and most of its big tech peers over the last 10 years.
This year has been a different story for Oracle, with the stock surging on rapid growth in its cloud infrastructure division thanks in large part to artificial intelligence (AI). Even after a pullback on its fiscal first-quarter earnings report due to a deceleration in cloud growth, the stock is still up 39% year to date as revenue growth significantly improved.
Source Fool.com
Oracle Corp. Stock
With 56 Buy predictions and 1 Sell predictions Oracle Corp. is one of the favorites of our community.
As a result the target price of 163 € shows a slightly positive potential of 18.7% compared to the current price of 137.32 € for Oracle Corp..
